Page 63 of 106 FirstFirst ... 13536061626364656673 ... LastLast
Results 1,241 to 1,260 of 2104
  1. #1241
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Australia GDP Expands 0.4% In Q4

    Australia's gross domestic product advanced a seasonally adjusted 0.4 percent on quarter in the fourth quarter of 2017, the Australian Bureau of Statistics said on Wednesday.

    That was shy of expectations for 0.5 percent and down from 0.6 percent in the three months prior. On a yearly basis, GDP gained 2.4 percent - again missing forecasts for 2.5 percent and down from 2.8 percent in Q3.

    "Growth this quarter was driven by the household sector, with continued strength in household income matched by growth in household consumption," ABS Chief Economist Bruce Hockman said.

    Household final consumption expenditure increased 1.0 percent for the quarter.

    Exports of goods and services detracted 0.4 percentage points from GDP growth.

    Final consumption expenditure picked up 1.1 percent on quarter and 3.3 percent on year, while gross fixed capital formation shed 1.2 percent on quarter and climbed 2.5 percent on year.

    The terms of trade added 0.1 percent on quarter and fell 1.0 percent on year, while real disposable income was flat on quarter and gained 1.5 percent on year.

    News are provided by InstaForex

  2. #1242
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Treasury Yields Slide amid Tariff Uncertainty, CVS Bond Sale



    U.S. government bonds slightly retreated on Tuesday, paring early gains, after traders position amid a massive corporate bond offering by CVS Health and as uncertainty regarding global tariffs on aluminum and steel imports weighed on markets.

    The 10-year Treasury note yield was mostly unchanged at 2.877 percent. Yield on the two-year note yield was mostly flat at 2.246 percent. The long bond or the 30-year bond rate edged down by 1.6 basis points to 3.135 percent.

    According to traders, the bond market steadied as CVS Health Corp. acquired around $50 billion dollar worth of debt on Tuesday. Firms looking to issue bonds depend on dealers to unload the massive stockpiles and the said dealers will most likely hedge a sudden jump in interest rates by letting go of their Treasury holdings.

    U.S. government paper experienced brief selling earlier in the session after House Majority Leader Paul Ryan, along with other congressional Republicans, appear to step up pressure on President Donald Trump to ease up on his protectionist stance. On the other hand, Treasury Secretary Steven Mnuchin stated Mexico and Canada will be excluded from the tariffs if NAFTA is successfully renegotiated. The lack of certainty on the trade front has weakened the demand for stocks, while increasing the demand for bonds.

    Prime News are provided byInstaForex.

  3. #1243
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    China CPI Jumps To 2.9% In February



    Consumer prices in China were up 2.9 percent on year in February, the National Bureau of Statistics said on Friday.

    That exceeded forecasts for 2.4 percent and was up sharply from 1.5 percent in January.

    On a monthly basis, consumer prices jumped 1.2 percent following the 0.6 percent gain in January.

    The bureau also said that producer prices advanced an annual 3.7 percent versus expectations for 3.8 percent and down from 4.3 percent in the previous month.

    News are provided byInstaForex.

  4. #1244
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    U.S. Services Data Suggests Upward Revision to 4th Quarter GDP



    U.S. economic expansion for the fourth quarter is likely to be revised higher after recent data indicated more spending on services than previously estimated by the government.

    According to the Commerce Department's quarterly services survey, or QSS, added to December data on construction spending and manufacturers inventories in suggesting that gross domestic product grew much faster than the 2.5 percent annualized rate reported by the government in its second estimate last month.

    Before the QSS data, economists had expected that GDP growth for the October-December quarter would be raised to about a 2.6 percent rate. Some now expect fourth-quarter GDP growth would be revised up to a 2.9 percent rate when the Commerce Department's statistics agency, the Bureau of Economic Analysis, incorporates the data into its third estimate to be published later this month.

    Spending on intellectual property products was previously reported to have increased at a 2.4 percent rate in the fourth quarter.

    “The QSS points to stronger services spending in the fourth quarter than the BEA had previously estimated,” according to Daniel Silver, an economist at JPMorgan in New York.

    “And while the QSS often impacts health care categories within the spending data, we think that much of the expected fourth-quarter upward revision will be related to spending on motor vehicle maintenance and repair.”

    Prime News are provided byInstaForex.

  5. #1245
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    COLOMBIA: Colcap Raises Slightly On Ecopetrol, Caution With Elections



    Colcap, the main index of the Colombian Stock Exchange, added 0.41% to 1,480.56 points near Friday's closing, due to the rise of Ecopetrol's shares (+1.01%) in a session marked by a substantial business volume ahead.

    The increase in Ecopetrol's stocks tracked the rebound in oil prices abroad.

    Analysts at Davivienda Corredores noted that despite the slight rise, the Colombian index remains lagging behind the performance of other Latin American stock exchanges mainly because of the uncertainty for the legislative elections results.

    On the business side, Avianca's shares rose by 1.13% despite reports that its subsidiary companies mobilized 2,320,638 passengers in February, 0.3% less than the passengers transported in the same month last year.

    The locally traded U.S. dollar closed at 2,868.80 Colombian pesos, marking a 0.25% fall, due to the rebound in oil prices abroad.

    "As long as oil prices remain close to US$ 60, the valuations will be limited. There was also a natural reaction before Sunday's legislative elections," said Wilson Tovar, an analyst at Acciones & Valores.

    News are provided byInstaForex.

  6. #1246
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Australian Exports to Grow after Securing U.S. Tariff Exemptions - Industry

    Australian steel and aluminum manufacturers recently said exports to the United States will grow after securing exemptions from tariffs signed into law by U.S. President Donald Trump.

    Trump on Friday said Australia would become the third country to be free from a 25 percent tariff on steel imports and 10 percent for aluminum.

    Exporting just more that A$400 million ($314.32 million) last year, Australia is a relatively small supplier of steel and aluminum to the United States.

    “This is a great outcome for us and... (for) jobs in North America,” according to Mark Vassella Managing Director and CEO of BlueScope Steel, which is Australia's largest exporter.

    Shares in BlueScope gained over three percent on Monday, outperforming the broader market, which marked modest gains.

    While it was good news for Australian exporters, producers fear the U.S. tariffs could hit them indirectly, as exporters that are subject to the tariffs try to find other markets for their steel and aluminum.

    Rejecting calls for additional laws to prevent potential dumping, Australian Prime Minister Malcolm Turnbull said existing measures were sufficient. Turnbull also said Australia would not join an international protest against the U.S. tariffs.

    Prime News are provided by InstaForex

  7. #1247
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    UK Household Spending Touches 6-Year Low in 2017

    Household spending weakened to its lowest annual growth for six years in 2017 amid Brexit-spurred inflation, with borrowing soaring and family savings plunging to a record low.

    According to the Office for National Statistics, economic growth slowed to 0.4 percent in the final three months of last year, down from 0.5 percent in the third quarter as weaker household spending took its toll.

    The ONS revised upgrowth for the year as a whole to 1.8 percent from the initial estimate of 1.7 percent, but this was still the lowest since 2012.

    It leaves the UK with the lowest growth among the G7 economies at the end of 2017 as it enters the final year of its membership of the European Union.

    The quarterly national accounts data showed Britons turned to debt to support spending in the face of last year's surging inflation, which outstripped meager wage growth.

    The proportion of total income saved by households dropped to 4.9 percent in 2017, its lowest level since records began in 1963, the ONS said.

    Overall household spending dropped the previous year to 1.7 percent, which was the lowest annual growth since 2011, according to the ONS.

    In the fourth quarter, the current account deficit shrank to £18.4 billion, or 3.6 percent of GDP, down from £19.2 billion in the previous three months.

    Net trade – exports less imports – made its largest contribution to full-year growth since 2011, the ONS reported.

    Economists said there would be some relief on the way this year for households as wages are expected to start rising faster than inflation, which should help maintain growth in 2018.

    Prime News are provided by InstaForex

  8. #1248
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    U.S. Factory Activity Slowed in March - ISM



    U.S. factory activity slowed in March amid shortages of skilled workers and rising capacity constraints, but growth in the manufacturing sector remains buoyed by strong domestic and global economies.

    According to the survey of the Institute for Supply and Management, a surge in the cost of raw materials and worries among manufacturers about the impact of steel and aluminum import tariffs imposed by President Donald Trump last month to shield domestic industries from what he has described as unfair competition from other countries.

    The ISM said its index of national factory activity slipped to a reading of 59.3 last month from 60.8 in February. A reading above 50 in the ISM index indicates growth in manufacturing, which accounts for about 12 percent of the U.S. economy.

    The survey's prices index soared to its highest level since April 2011. There were price increases across 17 of 18 industry sectors last month. While a measure of new orders dropped, a gauge of backlog orders rose to levels last seen in May 2004.

    The survey's customers' inventories index was at its lowest level since July 2011. A measure of factory employment dropped last month and the ISM said there were indications that labor and skill shortages were affecting production.

    U.S. financial markets were little moved by the data, with investors worrying about a global trade war after China increased tariffs by up to 25 percent on 128 American products in response to the duties on aluminum and steel imports.

    Nonetheless, the outlook for manufacturing remains upbeat amid dollar weakness, which is boosting the competitiveness of American-made goods on the international market.

    Prime News are provided byInstaForex.

  9. #1249
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    U.S. Private Payrolls Rise in March

    U.S. private payrolls grew sharply in March as hiring increased across the board, which indicates a strong labor market that continues to support economic expansion.

    Labor market momentum was also highlighted by a recent report that showed solid gains in employment in the services industries in March even though a sharp decline in new orders weighed on growth in the sector.

    The Labor Department will publish its closely watched employment report on Friday.

    The ADP National Employment Report showed private payrolls increased by 241,000 jobs in March after rising 246,000 in February.

    The ADP report is jointly developed with Moody's Analytics. It said construction companies hired 31,000 workers in March and manufacturers added 29,000 jobs to their payrolls. Employment in the services sector increased by 176,000 jobs.

    That was corroborated by the Institute for Supply Management's (ISM) non-manufacturing survey, which showed the ISM's employment sub-index rising to a reading of 56.6 in March from 55.0 in February.

    The increase in services industry employment came despite the ISM non-manufacturing index falling 0.7 point to a reading of 58.8 as a measure of new orders declined 5.3 points. A reading above 50 indicates expansion in the sector, which accounts for more than two-thirds of U.S. economic activity.

    Prime News are provided by InstaForex

  10. #1250
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Wall Street Gains but Dow's 400-point Rally is Nearly Erased after FBI Report



    Wall Street's major indexes advanced on Monday as a softer stance by U.S. policymakers on China tariffs powered a rebound from last week's selloff, but stocks pared gains late in the session after a report that the Federal Bureau of Investigation raided the office of President Donald Trump's lawyer.

    The Dow Jones industrial average rose 46.34 points to 23,979.10, with Merck and Intel as the best-performing stocks in the index. The S&P 500 climbed 0.3 percent to 2,613.16, with tech adding 0.8 percent. The Nasdaq composite advanced 0.5 percent to 6,950.34.

    Amazon shares had risen as much as 2.3 percent before closing just 0.1 percent higher. Boeing gained as much as 2.7 percent before ending the session down 1.1 percent.

    At its session high, the Dow rose as much as 440.42 points. The S&P 500 and Nasdaq gained as much as 1.9 percent and 2.3 percent, respectively.

    Stocks climbed after Trump's new economic adviser Larry Kudlow told CNBC that the president may be open to forming an international coalition to grapple with trade issues involving China.

    Investors will look for further signs of China's stance on trade relations when Chinese President Xi Jinping speaks at the Boao Forum economic conference on Tuesday.

    The next corporate earnings season kicks off later in the week with financial companies BlackRock, Citigroup, J.P. Morgan Chase and Wells Fargo all scheduled to release their quarterly results.

    Merck gained over six percent after a committee determined Keytruda has helped previously untreated lung cancer patients live longer.

    Facebook climbed 1.3 percent ahead of CEO Mark Zuckerberg's testimony on Tuesday regarding the data scandal involving firm Cambridge Analytica.

    Prime News are provided byInstaForex.

  11. #1251
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    U.S. Automakers’ Shares Surge After Xi Announces China’s plan to Reduce Car Tariffs

    Shares of U.S. carmakers surged after Chinese President Xi Jinping announced the government's plans to “open the country's economy and to reduce the tariffs on automobiles.

    Tesla edged up 5.2 percent while Fiat Chrysler advanced 2 percent. Ford Motor increased 1.8 percent and General Motors increased 3.3 percent. China is an important market for U.S. carmakers. European automakers also rose, with BMW rising 3 percent.

    GM sold over 4 million cars in China in the previous year for the first time, while Tesla increased its revenue by twofold from China to $2 billion in 2017.

    Xi said that his plans include greatly lowering import tariffs on foreign autos and reducing duties of other products. At the Boao Forum for Asia, Xi said that China is planning to boost imports and reach a greater of balance of international payments under the present account.

    The Chinese leader's comments come amid escalating trade tensions between Washington and Beijing. In a retaliatory move against America's tariff plans, China has unveiled its plan to impose fresh duties last week on 106 U.S. products, which then resulted in President Donald Trump threatening more duties.

    This weekend, the U.S. softened its tone against China. On Sunday, Secretary Steven Mnuchin told CBS that a full-out trade war between the U.S. and China is not seen to take place. On the same day, Trump said that he will always have friendly ties with President Xi no matter the consequence of their trade conflict. He also said that China will roll down its Trade Barriers because it is the proper action to take.

    Prime News are provided by InstaForex

  12. #1252
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    U.S. Government Posts $209 Billion Deficit in March

    The U.S. government ran a $209 billion budget deficit in March as outlays grew and receipts fell, the Treasury Department said. That compared with a budget deficit of $176 billion in the same month last year, according to Treasury's monthly budget statement.

    When accounting for calendar adjustments, the deficit was $165 billion in March compared with an adjusted deficit of $134 billion in the same month the previous year.

    The deficit for the fiscal year, which started in October, was $600 billion, compared to a deficit of $527 billion in the same period of fiscal 2017.

    Unadjusted receipts last month totaled $211 billion, down three percent from March 2017, while unadjusted outlays increased to $420 billion, which is seven percent higher from the same month the previous year.

    The Congressional Budget Office had expected a $207 billion deficit for March. The nonpartisan agency said this March had one less business day than March 2017, and a smaller share of wage income is being withheld this year for taxes.

    The CBO recently forecast that the federal deficit will reach $804 billion in fiscal 2018, up from $665 billion in fiscal 2017. It increased its estimate for this year's deficit mostly due to recent legislation that cut taxes and increased spending on the military and domestic programs. It had already expected widening deficits in the coming years as outlays, including spending on programs like Social Security and Medicare, rise faster than revenue.

    Prime News are provided by InstaForex

  13. #1253
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Trump Administration Weighs U.S. Options on Syria

    U.S. President Donald Trump along with his administration's security aides mulled U.S. options on Syria, where he has threatened missile attacks in reaction to an alleged poison gas attack.

    Concerns regarding a confrontation between Russia and the Western allies have been escalated since Trump said on Wednesday that missiles will be launched in response to a chemical gas attack in the Syrian town of Douma on April 7, and criciticized Moscow for siding with Syrian President Bashar al-Assad.

    The U.S. leader cooled his heated remarks on Thursday and while he discussed his military options with allies such as Britain and France, who could participate in any U.S.-led strikes on Syria, there were indications of efforts to stop the crisis from going out of control. Trump has spoken to British Prime Minister Theresa May on Thursday, while he is due to speak with French President Emmanuel Macron.

    Trump denied on Twitter that he said when an attack on Syria would occur, stating that it could happen 'very soon or not so soon at all'.

    Later in the day, Trump convened with his national security team on the Syrian crisis. In a statement, the White House said that “no final decision” has been made and that they are continuing to evaluate intelligence and are in talks with partners and allies. But such statement did not necessarily indicate that Trump was pulling away from the idea of military action.

    Global stock markets showed signs of recovery after Trump's hint that a military attack might not be imminent.

    Prime News are provided by InstaForex

  14. #1254
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Inflation and Trade Disputes to Weigh on Prospects for Global Economy

    Momentum in the global economy has peaked and risks ranging from higher inflation to trade disputes and debt appear likely to weigh on prospects for 2018, according to the tracking index compiled by the Brookings Institution think-tank and the Financial Times.

    The latest update to the index shows that forces contributing to growth remain strong but have levelled off below 2017's peak, while financial markets suggest more difficult times ahead.

    The findings follow a series of unsatisfactory business surveys across the world and weak industrial data, which have reduced confidence among economists that 2018 would be the most successful year of the decade so far.

    Christine Lagarde, managing director of the IMF, recently warned of an “inexcusable, collective policy failure” if trade tension undermined the world economy. She suggested the fund would not downgrade its 3.9 percent global growth forecast on Tuesday, when it releases its latest economic outlook.

    The more up-to-date Brookings-FT Tracking Index for the Global Economic Recovery (Tiger) shows the latest data suggest that momentum is fading.

    According to Eswar Prasad of the Brookings Institution, “the world economy's growth momentum remains strong but is levelling off as the winds of trade war, geopolitical risks, domestic political fractures, and debt-related risks loom, with financial markets already reflecting mounting vulnerabilities.”

    The index compares many indicators of real activity, financial markets and investor confidence with their historical averages for the global economy and for individual countries.

    In advanced economies, the composite index has fallen in 2018 on the back of slightly weaker hard data on output and jobs and a sharp decline in financial market prices.

    Prime News are provided byInstaForex.

  15. #1255
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    China Makes Biggest Treasury Purchase in Six Months in February

    China increased its Treasury holdings in February by $5.8 billion, its biggest purchase in six months. On the other hand, Japan's Treasury holdings fell.

    According to the Treasury, China's Treasury holdings increased to just under $1.18 trillion. Foreign net buying of Treasurys was $43.2 billion for the month.

    As trade tensions between the U.S. and China escalates, so has rumors that the Chinese government could reduce purchases of Treasuries or even sell some of its holdings. The Trump administration on March 1 announced tariffs on aluminum and steel, which affect China. The U.S. also announced its intention to put tariffs on $50 billion in Chinese goods, and Trump has since threatened to add tariffs to another $100 billion of goods.

    In December, China's holdings of Treasuries stood at $1.18 trillion before falling to $1.17 trillion in January.

    China is the biggest holder of U.S. Treasuries, with Japan coming in at second place. Japan's holdings declined by $3.6 billion, to a total of $1.06 trillion.

    Buyers abroad also purchased $11.8 billion in agency debt and $4.1 billion of corporate debt. They reduced equity holdings by $1.2 billion

    Prime News are provided by InstaForex

  16. #1256
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Twitter Shares Jump After Morgan Stanley Upgrade



    Shares of Twitter Inc. soared almost 11 percent on Tuesday and were bound for their best session in two months after Wall Street firm Morgan Stanley raised its recommendation on the social network company to “equal-weight” from “underweight”.

    In a report, Morgan Stanley analyst Brian Nowak said that investors are likely to continue to pay a premium for the company's stock due to projections of accelerated revenue growth in 2018 and indications of progress in the firm's turnaround.

    The analyst raised his target price for Twitter from $28 to $29. At midday trading, Twitter traded at $31.69 on the New York Stock Exchange.

    Nowak cited the company's constructive advertiser conversations, improving user growth and positive revisions for the upgrade.

    An unexpected swing to revenue growth caused the stock of the company to rise 12 percent following its last quarter report on February 8 and to date, the stock is up 32 percent.

    Despite the increasing popularity of the social network, it has struggled to book a profit and consistently grow its revenue.

    In general, analysts are cautions. Nine has a 'sell' recommendation on the stock, 21 have neutral ratings and seven recommend buying, according to data from Thomson Reuters. Overall, they anticipate Twitter's stock to fall to $27.58.

    The stock is trading at 45 times projected ratings, against Facebook's valuation of 21 times earnings, Thomson Reuters data showed.

    On average, Twitter is expected by analysts to report a 10 percent increase in revenue to $605 million and non-GAAP EPS of 12 cents when it reports its March quarter results on April 25.

    Prime News are provided byInstaForex.

  17. #1257
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Protectionism, Debt are Huge Threats to World Economy - EU

    The largest threats to global economic expansion are government debt and protectionist tendencies, according to European Union economy commissioner Pierre Moscovici.

    “The two main risks for growth, which is now very solid all over the world, are on the one hand protectionism and trade tensions, and on the other hand debt,” Moscovici said. “There is no trade war for the time being, so that's good.”

    The IMF recently cautioned that the world's debt has swelled to a record $164 trillion, a trend that could make it more difficult for countries to respond to the next recession. Global public and private debt increased to 225 percent of worldwide economic output in 2016, the fund said on Wednesday in its semi-annual Fiscal Monitor report. The fund also cautioned that the global commercial order risked being “torn apart” by trade wars.

    The global debt burden clouded the IMF's otherwise upbeat outlook of the world economy, which is in its strongest upswing since 2011. The fund expects growth of 3.9 percent in 2018 and 2019.

    U.S. President Donald Trump is pushing for a crackdown on China and has announced tariffs on imports of steel and aluminum. The EU is seeking a permanent exemption from the metals levies after Trump granted a waiver to the bloc until May 1 and left open the possibility of a longer exclusion. The European Commission, the EU's executive branch in Brussels, has said that failure to gain a longer exemption from the U.S. metal-import duties would lead to a tit-for-tat response by the bloc.

    Prime News are provided by InstaForex

  18. #1258
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    German Business Sentiment Drops - Ifo

    Sentiment among German businesses fell in April, according to a closely watched survey, with economists raising questions whether the eurozone's biggest economy is slowing down.

    The Ifo Institute's business climate gauge slipped to 102.1 in April from 103.3 in March, recording the fifth straight month of declines.

    Economists said the results pointed to a mixed picture for the German economy, a key pillar of the euro zone's economic health.

    Deteriorating sentiment was seen in both the manufacturing and services sectors, with the index integrating the latter sector for the first time this month.

    Clemens Fuest, president of the Ifo Institute, said that the numbers were disappointing and pointed to a number of challenges for the German economy. Fuest said that the index showed a "cooling down" rather than a "slowing down" in the economy and a degree of "normalization." "It's possible we've seen the peak of the upswing," he added.

    Ifo's gauge underwent a significant revamp in April. The large German services sector was added to the main index, which previously focused on industries like manufacturing and construction, and the base year was swapped from 2005 to 2015.

    The changes in methodology affect the levels of the index. The March reading, for instance, was changed from 114.7. Ifo noted when it announced its decision that the lower reading “is purely a base-year effect and not a plunge in the business cycle.”

    Still, the decline in April highlights how the eurozone's biggest economy has got off to a bumpy start this year after a sharp acceleration in 2017.

    Prime News are provided by InstaForex

  19. #1259
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Wall Street Closed Mostly Higher as Boeing Lifts Dow

    U.S. stocks advanced on Wednesday as the Dow Jones industrial average ended higher for the first time in six sessions, rebounding from sharp losses seen earlier in the day, as Boeing jumped on solid earnings.

    Boeing climbed 4.2 percent after posting quarterly results that easily surpassed analyst expectations. The stock's rise helped the Dow rebound from a 201.05-point deficit and snap a five-day losing streak. The Dow closed at 24,083.83, up 59.70 points.

    The S&P 500 also pared earlier losses, closing 0.2 percent higher at 2,639.40. The Nasdaq composite fell 0.1 percent to 7,003.74.

    All three major U.S. indexes fluctuated in choppy trading and the Dow flirted with its sixth consecutive decline during much of the session, which would continue its longest losing streak since an 8-day slide in March 2017.

    Twitter posted stronger-than-forecast earnings on Wednesday, but the stock dropped 2.4 percent. Comcast, NBCUniversal's parent company, also released better-than-expected earnings Wednesday.

    Facebook was up slightly ahead of its earnings, expected after the bell. The social media company has recently come under fire over its use of consumer data.

    Comcast was up 2.1 percent after the largest U.S.cable company confirmed its $31 billion bid for Sky on the heels of its better-than-expected earnings report.

    So far, 31 percent of S&P 500 companies have posted earnings, 81.2 percent of which came in above consensus estimates. Analysts now expect first-quarter earnings growth of 22 percent, according to Thomson Reuters data.

    Of the 11 major S&P 500 sector indexes, 7 were in negative territory, led by Real Estate, Technology and Financials.

    The CBOE Volatility index .VIX , an indicator of short-term stock market volatility, jumped to 18.67 points, its highest level in more than a week.

    Prime News are provided by InstaForex

  20. #1260
    Join Date
    Jun 2013
    Age
    38
    Posts
    4,044
    Rep Power
    0

    Default

    Australia Q1 Import Prices Rise More Than Expected

    Australia's import prices increased at a faster-than-expected pace in the three months ended March, figures from the Australian Bureau of Statistics showed Thursday.

    The import price index climbed 2.1 percent sequentially in the first quarter, following a 2.0 percent slight rise in the fourth quarter of 2017. It was the second consecutive quarterly increase.

    That was above the 1.2 percent rise economists had forecast. The increase was driven by higher prices paid for petroleum, petroleum products and related materials, road vehicles, inorganic chemicals and plastics in primary forms.

    On a yearly basis, imports prices grew at a faster rate of 2.3 percent in the March quarter, after a 1.4 percent gain in the December quarter.

    Data also revealed that export prices rose 4.9 percent quarterly in the first quarter, following a 2.8 increase in the prior month. As compared to the corresponding period last year, the index dropped by 1.4 percent.

    News are provided by InstaForex

Similar Threads

  1. Instaforex Analysis
    By InstaForex Gertrude in forum Advertisement Place
    Replies: 2123
    Last Post: Yesterday, 12:28
  2. Trading Strategies based on the Forex Trading News.
    By Markcummings in forum Advertisement Place
    Replies: 8
    Last Post: 02-07-17, 14:51
  3. Do you watch the news in SEO?
    By Casoom in forum Search Engine Optimization
    Replies: 5
    Last Post: 15-12-12, 05:58
  4. Replies: 0
    Last Post: 13-02-12, 01:29

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
webmaster forums webmaster resource forum webmaster money forums